Investment bank Cowen forecasts that Apple's payment services, like Apple Pay, are well-positioned to take advantage of the growing fintech and retail markets.
Investment bank Cowen believes that a U.S.-caused decline in Huawei device shipments will bode well for Apple's iPhone in the global premium smartphone market.
Investment bank Cowen sees Apple's decision to delay new iOS 14 privacy features as a net positive both for consumers and the relationship between Apple and developers.
Investment bank Cowen has revised its AAPL price target to reflect continued Apple business strengths, and to incorporate the recent Apple four-for-one stock split.
Investment bank Cowen has raised its 12-month Apple price target to $530 on an uptick in its iPhone build estimate for the third quarter.
Investment bank Cowen has raised its AAPL price target to $470 on Apple's better-than-expected June quarter results and its continuing status as a "defensive" stock.
Investment bank Cowen is expecting Apple to report June quarter earnings in-line with the larger Wall Street consensus, and adds that Services and the upcoming 5G "iPhone 12" will boost the company's momentum going forward.
Cowen's iPhone build forecasts remained unchanged in July, though smartphone demand generally is continuing to improve from COVID-19 impacts as Apple shifts its focus to the "iPhone 12."
Investment bank Cowen is raising its AAPL price target to $400 based on new iPhone shipment forecasts, revised multiples and the impact of ARM Macs to Apple's bottom line.
The smartphone industry is recovering from COVID-19 production slumps, although Cowen analysts suggest smartphone demand is still uncertain and Apple's flagship iPhones could launch a month or two later than usual.
Apple will be announcing its financial results for the second quarter of 2020 on Thursday, but the ongoing COVID-19 pandemic is likely to result in considerably weaker results than usual. Here are what some analysts monitoring Apple and the coronavirus situation expect to hear during the filing and conference call.
Although iPhone demand uncertainty remains a concern, investment bank Cowen expects demand to improve in 2020, driven by the new iPhone SE and rumors of a 5G "iPhone 12."
Apple is forecast to make fewer iPhones in the second quarter of 2020 than the same period in 2019, but the impact of the coronavirus on manufacturing will apparently be far less for Apple compared to the rest of the smartphone industry, partly helped by the popularity of the new iPhone SE.
Recapping Apple's $91.8 billion quarter, Cowen is seeing continued strength and earnings power from the company going forward, and has increased its target price for Apple stock yet again.
Analysts at Cohen are seeing not just a strong holiday quarter, but an impressive second fiscal quarter as well, with signs that Apple has increased iPhone orders overall versus 2019.
After leading the pack with an Apple stock price climb in early December, Cowen has done so again just over a month later, hiking the price target to $350 on the strength of Services and the upcoming iPhone lineup.
Cowen equity research is raising its convictions on shares of Apple, boosting its price target behind near-term momentum in several operating segments and a belief that market share losses in China could potentially be offset by gains in India.
Analysts have passed comment on Apple's record fourth quarter results for the fiscal year 2019, with investor expectations and analyst estimates being beaten in a variety of ways, though the lower iPhone revenue is suggested to be an indicator of challenging December quarter results.
Financial services firm Cowen has issued its latest guidance to investors about the state of Apple, and says that the company's offerings in total are setting up for a massive holiday quarter.
Apple's 2020 fiscal year should be more positive than some investors anticipate, Cowen suggests, with the iPhone 11 refresh assisted by a potential launch of a second-generation iPhone SE early in the cycle to help increase hardware revenues.
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Mike Peterson
Malcolm Owen
Mike Wuerthele
AppleInsider Staff
William Gallagher
